HELADIv initial offering expected positive effect on the market. This season majority of public offer success full like Renuga agriculture, ODEL ... Heladiv main production tea sector & food items so many of them expected food item investment give positive effect.
CNN money research also indicate food market go upward so food production cost increased so expected more share in world market.
Heladiv intial public offer 19,928,598 ordinary shares at 16.00 through this offer collect 318,857,568.00 rupees. Heladiv more concern four factors changing
1.
1. Acquisition of HVA holding limited company, this helps to promote international brand name HVA foods for this activity allocate 45 million.
2. Reduce gearing ratio
Now gearing ratio 217%, debit reduced by 95 million. The company gearing ratio indicates unfavorable but current ratio and quick ratio indicate positive.
3. 102 Million will be utilized for ice tea plant also expand factory
4. The remaining balance to finance the incremental working capital requirements of HVA Foods Limited
Srilanka take second place of tea export so market opportunities have positive mainly Russian market more demand srilankan tea.
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